KRAFTON Partners with Gujarat Government to Foster Esports in the State

Author

Moin Khot

Date

Mar, 15.2024

KRAFTON, Inc., the renowned South Korean gaming giant, has inked a pivotal Memorandum of Understanding (MoU) with the Government of Gujarat and TransStadia Technologies Pvt. Ltd.,heralding a new era for the Indian gaming landscape.

The collaboration marks a significant stride towards fortifying the technology, gaming, and esports ecosystem in Gujarat, emblematic of KRAFTON's unwavering commitment to bolstering India's gaming and tech domain.

Gujarat, renowned for its rapid economic ascendancy and status as an FDI magnet, emerges as a central player in the burgeoning esports and gaming industry. Its fervent dedication to technological advancement and digital infrastructure renders it an ideal ally for KRAFTON, poised to propel both local and national gaming realms to unprecedented heights.

Sean Hyunil Sohn, CEO of KRAFTON India, expressed elation about the partnership's potential impact."Our collaboration with the Government of Gujarat signifies a monumental leap for game development and esports in India. By amalgamating Gujarat's dynamic growth landscape with our gaming and esports expertise, we're poised to unlock unparalleled opportunities for talent cultivation, infrastructure enrichment, and community engagement. This synergy holds the promise of fostering innovation and inspiring a new wave of gamers and developers," he said.

KRAFTON's substantial investments in Indian startups, totaling USD 160 million since 2021, coupled with plans for an additional USD 150 million infusion over the next 2-3 years, underscore its unwavering commitment to the Indian gaming ecosystem. The recent launch of the KRAFTON India Gaming Incubator program further demonstrates its dedication to nurturing local game development talent through funding, mentorship, and essential resources.